The National Company Law Tribunal (NCLT) has approved the merger of Air India (AI) and Vistara (UK) marking the final step in the process.
Tata air india vistara merger
Air India (AI), owned by the Tata group, and Vistara are aiming to complete their merger by the end of October, thus consolidating their presence in the aviation market.
Air India (AI) has assigned 30 first officers, also known as co-pilots, to assist with A320 aircraft operations for Vistara (UK) amidst its pilot shortage.
Competition and Consumer Commission of Singapore (CCCS) granted conditional approval on Tuesday to the proposed merger between Air India (AI) and Vistara (UK)
Vistara and Air India pilots are set to adopt a standardized salary framework as the two airlines merge their human resource departments
People familiar with the situation suggest that Tata Sons is not rushing the merger of the Air India (AI) and Vistara (UK) boards.
DELHI- Tata Group-owned Air India (AI) and Vistara (UK) have submitted a merger proposal for approval by their creditors. Creditors are scheduled to vote on this proposal on September 23, as indicated in a notice obtained by ET.
The Competition Commission of India has granted approval for the merger of Vistara (UK) Airlines into Air India (AI), as well as the acquisition of specific shareholding by Singapore Airlines (SQ) in Air India.
Air India (AI), under the control of the Tata Group, is set to unveil its new brand identity as it enters the next phase of its business plans.
Tata group-owned Air India (AI) and Vistara (UK) have informed the Competition Commission of India (CCI) that their merger will not negatively affect competition in the aviation sector.